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Real Estate Insights

IRS Guidance on Expenses Paid with PPP Loans

On April 30, 2020, the Internal Revenue Service (IRS) issued Notice 2020-32 (Notice) which claims that expenses will be nondeductible if paid using loan proceeds that are later forgiven under the Paycheck Protection Program (PPP) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  Background The PPP was established as a low-interest emergency loan program to enable employers to retain employees and cover overhead costs along with the […]

June 12, 2020

The Paycheck Protection Program Flexibility Act & Treasury/IRS Guidance in Response to COVID-19

Congressional Action to Date In response to the COVID-19 crisis, government officials in Washington DC have taken a number of actions related to the economic effects of the crisis including legislation, regulatory action, and government agency action. Three pieces of legislation have been enacted thus far, including the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which included several taxpayer-favorable changes to current tax laws to address the economic […]

June 12, 2020

True Partners Consulting Named One of the 2020 Best Workplaces in Chicago by Great Place to Work

Great Place to Work® has honored True Partners Consulting as one of the 2020 Best Workplaces in Chicago. The ranking considered over 27,000 responses from Chicago area employees. Great Place to Work, a global people analytics and consulting firm, evaluated more than 60 elements of team members’ experience on the job. These included the extent to which employees trust leaders, the respect with which people are treated, the fairness of workplace decisions, and how much camaraderie […]

May 21, 2020